9,471 Shares in MasTec, Inc. $MTZ Purchased by Moore Capital Management LP

Moore Capital Management LP purchased a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,471 shares of the construction company’s stock, valued at approximately $3,941,000.

Several other large investors have also recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new stake in shares of MasTec during the 1st quarter valued at about $30,000. Bell Investment Advisors Inc bought a new position in MasTec during the second quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new position in MasTec during the second quarter worth about $32,000. CIBC Private Wealth Group LLC boosted its holdings in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares in the last quarter. Finally, Solstein Capital LLC bought a new stake in shares of MasTec in the 2nd quarter valued at approximately $58,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analysts Set New Price Targets

MTZ has been the subject of several analyst reports. CICC Research initiated coverage on MasTec in a research report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Morgan Stanley set a $369.00 target price on shares of MasTec in a report on Friday, July 31st. UBS Group cut their price target on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Truist Financial restated a “buy” rating and issued a $428.00 price target (down from $550.00) on shares of MasTec in a research report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $427.32.

MasTec Stock Down 0.5%

Shares of NYSE MTZ opened at $239.91 on Tuesday. MasTec, Inc. has a 12-month low of $171.05 and a 12-month high of $441.43. The firm’s 50-day simple moving average is $321.60 and its 200 day simple moving average is $337.42. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 38.26 and a beta of 1.82.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, research analysts expect that MasTec, Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.40% of the stock is currently owned by corporate insiders.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.